New Budget

[Scythe13]

By the sounds of it, the new budget is geared towards helping the rich.

This move may sound insane, but it's actually a very intelligent idea. Hear me out. By supporting the wealthy business owners, and allowing those who want to become rich, you are actually promoting entreprenurial activities. It's the entrepreneurs that make jobs. It's those that open a shop, that open a restaurant. Those are the people that get people jobs.

If you punish the large companies with increased taxes, they'll just up and off to somewhere else, thus compounding the shutdown of companies and the number of people on the dole.

By promoting enreprenurialism, the government will be making the UK a more appealing place to entrepreneurs and big businesses. Thus providing more jobs, releaving some of the stress on the dole system. This may well be one of the best budgets for a good few years.

Dare I say it......good job.

This may be the one thing the government has done right.


The short sighted and those lacking understanding of economics and commerce, however, will see the budget as a farce and will get up in arms against the government. Which means riots and the alike are a possibility.

[Skean Dhude]

Scythe,

Yes and because the rich are leaving. We want to keep them to pay for the bulk of those supported by the state out there. It'll take more than this for people to want to start investing again though but it is a start.

The problem with it is that the dumb will see it as a sell out.

[Scythe13]

(21 March 2012, 17:04)Skean Dhude Wrote: The problem with it is that the dumb will see it as a sell out.

I do kind of over estimate the stupidity of the masses haha. That's a good point.

[uks]

The simple budget. WE'll screw the working classes and let the rich off. Would have saved alot of wasted T.V. time.

[Scythe13]

(21 March 2012, 17:31)uks Wrote: The simple budget. WE'll screw the working classes and let the rich off. Would have saved alot of wasted T.V. time.

Aww mate, I thought you would have recognised the benefit to commerce that helping the rich will provide. Unemployment figures would decrease, more people in jobs, less people on the dole, less stress on the taxes, and things like that.

Granted it's not favourable for the masses right now, but in the long term it'll help the overall economy massively.

[uks]

I do mate and i agree that business needs help to make new jobs, but its the personal taxing of millionaires i have the problem with. In his statement the case of a millionaire paying less tax than his cleaners.

[Skean Dhude]

UKS,

You seriously are saying that a millionaire pays less tax than his cleaners. Do you have any examples to support that? Even with legal tax avoidance the total will still be much more than any cleaner I know.

Here is something that most people just do not accept.

Ten men go out for beer and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes, it would go something like this:
•The first four men (the poorest) would pay nothing.
•The fifth would pay £1.
•The sixth would pay £3.
•The seventh would pay £7.
•The eighth would pay £12.
•The ninth would pay £18.
•The tenth man (the richest) would pay £59.

So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by £20."

Drinks for the ten now cost just £80

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the £20 windfall so that everyone would get his 'fair share?'

They realized that £20 divided by six is £3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay! And so...
•The fifth man, like the first four, now paid nothing (100% savings).
•The sixth now paid £2 instead of £3 (33%savings).
•The seventh now paid £5 instead of £7 (28%savings).
•The eighth now paid £9 instead of £12 (25% savings).
•The ninth now paid £14 instead of £18 (22% savings).
•The tenth now paid £49 instead of £59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.

"I only got a quid out of the £20," declared the sixth man. He pointed to the tenth man, "but he got £10!"

"Yeah, that's right," exclaimed the fifth man. "I only saved a quid, too. It's unfair that he got ten times more than I!"

"That's true!" shouted the seventh man. "Why should he get £10 back when I got only two? The wealthy get all the breaks!"

"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia

Most people in this country don't accept this and would rather kick the rich. Envy is the true curse of our species and that is what will destroy it.
btw: That is something our politicians don't get either.